Effect of Microfinance on Women Empowerment: A Case Study of Pakistan

Niaz, Muhammad Umer; Iqbal, Mazhar

doi:10.2139/ssrn.3419834

Cited by 17 publications

(22 citation statements)

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“…To begin, MFIs with a deep internalized social mission can be rewarded for reaching out to the disadvantaged and low-income families, and microenterprises operating in the informal economy. According to Niaz and Iqbal (2019), a drop in economic growth could increase demand for microenterprise products as customers shift away from imports or higher-quality goods. As a result, these micro-businesses would be desperate for credit to increase their manufacturing potential.…”

Section: Literature Reviewmentioning

confidence: 99%

RETRACTED: Sustainable financial dimensions of managing poverty in the era of the COVID-19 pandemic: A developing country perspective

Dai

Anis

et al. 2022

Front. Environ. Sci.

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The COVID-19 pandemic is dangerous to people’s lives and livelihoods, creating immediate obstacles for organizations that support impacted populations. This research concentrates on the consequences for local microfinance institutions in Pakistan, which is a well-developed sector that has pulled many households out of the poverty trap. Microfinance programs in Pakistan provide financial resources to vulnerable and deprived people to engage in income-generating practices on more favorable terms. As a result, this study addressed and assessed the financial dimensions of managing poverty reduction in rural Pakistan through the microfinance segment and its effectiveness on poverty-reduction programs in Pakistan during the COVID-19 pandemic. The primary data were collected through a questionnaire survey to determine the views of the households, beneficiaries, and non-beneficiaries on the outcome and efficacy of poverty-reduction programs during the pandemic to meet the study objectives. The Mann-Whitney U test of the non-parametric method and Cronbach’s alpha of the data reliability test have been applied for the empirical analysis. According to the non-parametric findings, programs, marital status, working women members, and resources such as land, livestock, business assets, shares, and loans have all been affected during the COVID-19 pandemic. Education, wages, gender, size, child dependency, and district variables are significant factors related to poverty, but they fell into second position during COVID-19. These findings suggests that the small loan system must be improved and made efficient during the pandemic. This could be a practical tool to maintain poor people’s current economic and poverty position.

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Section: Literature Reviewmentioning

confidence: 99%

RETRACTED: Sustainable financial dimensions of managing poverty in the era of the COVID-19 pandemic: A developing country perspective

Dai

Anis

et al. 2022

Front. Environ. Sci.

View full text Add to dashboard Cite

show abstract

“…The study found that clients are more satisfied with the non-government MFIs as compare to the private and public sector MFIs. The female client was included largely in microfinance programs and it increased the prosperity of the female as witnessed in an earlier study (Niaz & Iqbal, 2019) while the current study contradicts as M male clients are more satisfied with a comparison of female clients. However, the study backed the findings of (Niaz & Iqbal, 2019) more educated clients have greater satisfaction as compare to less educated clients.…”

Section: Discussioncontrasting

confidence: 54%

“…The female client was included largely in microfinance programs and it increased the prosperity of the female as witnessed in an earlier study (Niaz & Iqbal, 2019) while the current study contradicts as M male clients are more satisfied with a comparison of female clients. However, the study backed the findings of (Niaz & Iqbal, 2019) more educated clients have greater satisfaction as compare to less educated clients. Clients have greater family size 1-4 children have greater chance to increase family welfare as evident in the study of (Hussain et al, 2018) supported in the findings of current study client who has family size is 2 to 4 members are more satisfied as comparing the client having a bigger family size and a single client.…”

Section: Discussioncontrasting

confidence: 54%

“…Happy customers are necessary for the growth and sustainability of every organization. Microfinancing is the pathway to help in the elimination of poverty in developing countries (Niaz & Iqbal, 2019). Blending the two objectives, microfinancing and client satisfaction, is key to the success of any developing economy's social and economic goals.…”

Section: Literature Reviewmentioning

confidence: 99%

“…It was discussed in different studies that poverty and microfinance have a significant link with each other. Changes in the Microfinance reflect changes in the poverty line of the clients (Niaz & Iqbal, 2019). Microfinance is a popular choice for economists and policymakers for the answer to the country's growth and poverty alleviation, as credit has been seen as a barrier facing the poor people (Sani, Khan, Ahmed, & Aziz, 2017).…”

Section: Introductionmentioning

confidence: 99%

See 2 more Smart Citations

Analysis of client satisfaction - A case of customers’ containment availing services from Micro Finance Institutions

Veesar¹,

Hassan²,

Ahmed³

et al. 2020

IJELCS

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The financial well-being of the people living in society is pivotal essential for the country's economic development. The distribution and access to wealth played important role in the economic activities of states. Micro-financing strategies utilized globally to promote distribution and circulation of money, increase access of people living in the low quintile of economic status to the wealth. Similar to global trends, the microfinance strategy was introduced, which is a rapidly growing sector in Pakistan for the last few decades. There are more than 45 registered micro-finance institutions (both for-profit and not-for-profit) that provide services to people at the low-income level in Pakistan. The current study analyzed the level of client satisfaction between private, public, and non-government organization Micro-Finance Institutions (MFIs) operating at District Hyderabad of Sindh, Pakistan. The sample size of 300 clients receiving services from these MFIs, data collected by using random sampling technique on the instrument Likert Scale ranged from 1-5. The collected data processed through scientific methods factorial analysis, customer satisfaction index, and ANOVA. The results of the study presented that clients of non-government MFI are more satisfied as compared to public and private MFIs, male clients are more content to female, changes in family size and education change the level of client satisfaction, where age and monthly household income do not affect client satisfaction. In light of the study, it is recommended for MFIs to initiate client-centric policies especially in the public sector focus on the client glee in the response of services. In the micro-finance industry, female clients are the backbone; it is highly recommended to keep them in the center of attention during the development of policies to increase satisfaction levels.

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The green economy to support women’s empowerment: social work approach for climate change adaptation toward sustainability development

Setiawan¹,

Wismayanti²

2023

Climate Change, Community Response and Resilience

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Effect of Microfinance on Women Empowerment: A Case Study of Pakistan

Cited by 17 publications

References 0 publications

RETRACTED: Sustainable financial dimensions of managing poverty in the era of the COVID-19 pandemic: A developing country perspective

RETRACTED: Sustainable financial dimensions of managing poverty in the era of the COVID-19 pandemic: A developing country perspective

Analysis of client satisfaction - A case of customers’ containment availing services from Micro Finance Institutions

The green economy to support women’s empowerment: social work approach for climate change adaptation toward sustainability development

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